https://electrek.co/2023/07/03/tesla-valuing-full-self-driving-high-when-convenient/ Skip to main content Toggle main menu Go to the Electrek home page Switch site * * * * * * * * * * * * Toggle social menu * Toggle dark mode Toggle search form Search for: [ ] Submit * 9to5Mac * 9to5Google * 9to5Toys * DroneDJ * Space Explored * About * Privacy * Exclusives * Autos + Electric Vehicle Price Guide - best prices for dealers in the US + Tesla + Ford + GM + BMW + Jaguar + VW + Daimler/Mercedes + Hyundai + Nissan + Toyota * Alt. Transport + Ebikes + Electric Motorcycles + Bus + Hyperloop * Autonomy + Tesla Autopilot + Cruise Automation + Uber + Waymo * Energy + Green Energy + Climate * Tesla Shop * * * * * * * * * * * * * Toggle dark mode * Tesla Tesla is valuing Full Self-Driving high only when it's convenient Avatar for Fred Lambert Fred Lambert | Jul 3 2023 - 12:39 pm PT 59 Comments Tesla Full Self-Driving Beta Hero Tesla is only valuing its Full Self-Driving package high when it's convenient for the company. When it's not, like for trade-ins, the automaker is not as optimistic about the value. [INS::INS] Elon Musk famously said that Tesla vehicles have become "appreciating assets" due to the Self-Driving (FSD) package. The logic behind the claim is that he believes as Tesla improves its FSD package through software updates, it would increase the value of Tesla vehicles. To reflect that, he said that Tesla would incrementally increase the price of the FSD package. Musk suggested that the value of FSD could end up closer to $100,000 to $200,000 once fully autonomous, but those claims have yet to materialize, and Tesla has missed several of Musk's public timelines to achieve self-driving. Instead, the automaker has released FSD Beta and kept increasing the price of the package, which now sells for $15,000 in the US and $19,500 CAD in Canada. That's when you add the package to a new order or an existing vehicle, but that's the only time Tesla values the FSD package that high. Several Tesla owners have reached out to Electrek, frustrated with the process of upgrading their cars with Tesla because of the trade-in value the automaker would assign to their existing Tesla vehicles. The automaker has started to list its trade-in estimates with the mention that it "includes the value of Full Self-Driving." Tesla owners reported that Tesla appears to value the package for trade-ins at a fraction of what it sells it for. Having a Model 3 with FSD, I checked this out for myself, and sure enough, I was surprised to find out that Tesla was offering me only $41,200 CAD for my car: [Screenshot-2023-07-01-at-7] That includes the FSD package, which Tesla sells for $19,500 in Canada - about half of the value Tesla is assigning to the whole car. For reference, a new Model 3 Performance starts at $73,000 CAD in Canada, and it would cost $96,000 when configured like mine with FSD. If we compare to trade-in estimates Tesla gave to buyers with similar Model 3 Performance without FSD, it would appear that Tesla values the package at well below $10,000. That's despite not having delivered on the promises of the functionality of the package - aka full autonomy. Electrek's Take What is so frustrating about this is that Elon is always raving about how incredible FSD is and how most people "don't understand its value," but yet, Tesla itself heavily devalues it in used cars, despite not delivering on its promises. Top comment by Damon Ekstrom Liked by 17 people Allowing consumers to transfer the FSD software to another vehicle is literally the easiest consumer-friendly solution that Tesla could offer. As the article states, it would encourage repeat business from current Tesla owners, and increase the overall profits for Tesla. But instead every move that Tesla makes with FSD just screams "anti-consumer", and the worldwide take rate proves that. For first time EV buyers, when they hear about things like "Full Self Driving", and then realize that it's anything but, the last thing they're going to want to do is pay thousands of dollars for a system that is still rated level 2 nearly a decade later. Not to mention, if I'm paying $15,000+ for software, then regardless if I'm a new or returning customer, I better be given the rights to the license that would allow me to transfer it to another vehicle. Because if it's stuck with the vehicle, then you better believe that I'm going to keep the car until the battery is all but depleted. View all comments I think most people know the solution to this - other than giving a higher value - and that's letting Tesla owners transfer FSD to new cars. It would encourage current Tesla owners with FSD to upgrade to new cars without feeling like they bought FSD for nothing, or barely anything, on their previous vehicles. I don't understand why Tesla doesn't do that. It wouldn't be expensive, and it would help sales while creating some goodwill around FSD. What do you think? Let us know in the comment section below. Add Electrek to your Google News feed. FTC: We use income earning auto affiliate links. More. [ECOFLOW-ELECTREK-Banner-JUNE-28] Stay up to date with the latest content by subscribing to Electrek on Google News. You're reading Electrek-- experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don't know where to start? Check out our YouTube channel for the latest reviews. Featured from Electrek Rivian-stock-Q2-deliveries Rivian (RIVN) shatters Q2 delivery estimates, stock pops over 13% Avatar for Peter Johnson Peter Johnson Jul 3 2023 Tesla Full Self-Driving Beta Hero Tesla is valuing Full Self-Driving high only when it's convenient Avatar for Fred Lambert Fred Lambert Jul 3 2023 cowboy cruiser E-bike maker Cowboy goes Dutch with new comfort electric bike model Avatar for Micah Toll Micah Toll Jul 3 2023 New Jersey offshore wind New Jersey's first offshore wind farm hits a milestone - and one county is fighting all of it Avatar for Michelle Lewis Michelle Lewis Jul 3 2023 [INS::INS] --------------------------------------------------------------------- Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Comments Expand Close comments Expand Close comments Guides Tesla Tesla Tesla is a transportation and energy company. It... Author Avatar for Fred Lambert Fred Lambert @FredericLambert Fred is the Editor in Chief and Main Writer at Electrek. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com Through Zalkon.com, you can check out Fred's portfolio and get monthly green stock investment ideas. --------------------------------------------------------------------- Fred Lambert's favorite gear [zalkon] Zalkon Green Stock Ideas Get interesting investment ideas by Fred Lambert [41o2UN9ZNpL] ChargePoint Home charger ChargePoint Home WiFi Enabled Electric Vehicle (EV) Charger